What are trust lands?
Trust lands are parcels of land granted by Congress to Utah at statehood to support specific beneficiaries, including public schools, universities, hospitals, and reservoirs. Trust lands are not public lands, but are generally open for public use, when possible. Trust lands were allocated specifically to generate revenue to support our beneficiaries. SITLA currently manages 3.4 million surface acres on behalf of our beneficiaries.
ONLINE BIDDING INFORMATION:
Bid Start Time for this Parcel: 8:10am MDT, June 1, 2022
Bid End Time for this Parcel: 10:10am MDT, June 7, 2022
The closing costs are in addition to the 10% down payment. The cultural resources survey costs may be financed, upon approval. All other closing costs are due from the prevailing bidder at the auction and cannot be financed.
The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Public Schools.
Township 10 South, Range 19 West, SLB&M
Section 12: NW4NW4
The parcel is located in Tooele County – 5 miles south of the town of Ibapah and 60 miles south of Wendover.
The property is accessed from Cold Spring Road, which runs diagonally through the property.
The parcel is surrounded by private land to the east and south and BLM land to the north and west. The terrain is gentle sloping and is within the foothills of the Deep Creek Range. The vegetation consists of pinyon and juniper trees and native brush and grasses.
40.00 Acres, More or Less
No utilities are located on the property.
MU-40 (Multiple Use)
Financing will be offered for this parcel at a variable interest rate of prime plus 2.5% or 7.5%, whichever is greater. A down payment of 10% and closing costs will be due at the auction. The remaining balance can be financed for up to a 20 year term.
Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified and the property will be sold without any cultural or historical protective deed covenants.
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